Tag Archives: existing-home sales

Housing Shortage Continues

The Mortgage Corner Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors. … Continue reading

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New-Home Sales-Ownership Rate Rising

The Mortgage Corner New home sales shot up 19 percent in September to a consensus crushing annualized rate of 667,000. This is the largest percentage gain in 28 years and the highest level of the cycle, since October 2007. In … Continue reading

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Rising Existing-Home Sales Not Enough

The Mortgage Corner WASHINGTON (October 20, 2017) — After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, … Continue reading

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Republicans Killing the Housing Market

The Mortgage Corner The Trump administration and Republicans’ anti-immigration policies will kill the housing market. Why? Trump wants to cut immigration quotas by 50 percent when there aren’t enough qualified workers to fill current job openings. And congress can’t agree … Continue reading

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Time to Build More Homes!

The Mortgage Corner The National Association of Home Builders (NAHB) analysis of Census Construction Spending data shows that total private residential construction spending is soaring, as it rose to a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, … Continue reading

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Where Are the New Homes?

The Mortgage Corner There is a surging demand for new home that builders find hard to meet.  New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading

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Home Sales Disappoint

The Mortgage Corner Existing-home sales were at a 5.52 million seasonally adjusted annual rate in June, the National Association of Realtors said Monday. That was 0.7 percent above the year-ago rate, but 1.8 percent lower than in May and marked … Continue reading

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